Florida

IEEFA Research

IEEFA U.S.: Duke Energy IRPs for Carolina utilities overlook opportunities for savings from renewables

IEEFA U.S.: Duke Energy IRPs for Carolina utilities overlook opportunities for savings from renewables

Integrated resource plans for Duke give short shrift to offshore wind, solar and battery storage

April 5, 2021 (IEEFA) ⎼ A pair of long-range plans for Carolina utilities owned by Duke Energy are all but ignoring potential savings from renewable energy sources over the next decade, according to a report by the Institute for Energy Economics and Financial Analysis. The IEEFA report is the fourth in a series examining the […]

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

Coal, gas set to become biggest losers as renewable generation climbs quickly

March 31, 2021 (IEEFA) — The speed and scope of the energy transition to renewables will pick up pace over the next two to three years, according to the Institute for Energy Economics and Financial Analysis’ U.S. Power Sector Outlook 2021. Solar and battery storage adoption is enjoying almost exponential growth, and wind and solar […]

IEEFA: Duke Energy’s North Carolina gas IRPs fail to consider battery storage as viable option

IEEFA: Duke Energy’s North Carolina gas IRPs fail to consider battery storage as viable option

Utility claims natural gas is cheaper than battery storage

February 18, 2021 (IEEFA) — Duke Energy’s plans for its two utilities in the Carolinas rely on outdated cost estimates to avoid expanding battery storage capacity, according to a new study by the Institute for Energy Economics and Financial Analysis (IEEFA). In their latest integrated resource plans (IRPs), Duke Energy Progress and Duke Energy Carolinas […]

IEEFA U.S.: FERC gives blank check approval to pipeline builders, while investors and consumers pick up costs

IEEFA U.S.: FERC gives blank check approval to pipeline builders, while investors and consumers pick up costs

Commission’s 21-year-old pipeline policy puts contracts ahead of utility customers

December 17, 2020 (IEEFA) — The federal agency responsible for approving interstate gas pipeline projects is basing its decisions on contracts rather than on today’s consumer energy needs or the public interest, according to a report released today by the Institute for Energy Economics and Financial Analysis. The report—FERC’s Failure to Analyze Energy Market Forces—details […]

IEEFA U.S.: Virginia coal plant’s future isn’t bright: preparation for  transition should commence now

IEEFA U.S.: Virginia coal plant’s future isn’t bright: preparation for transition should commence now

Virginia City Hybrid Energy Center (VCHEC), one of the newest in U.S., risks closure due to market forces

December 16, 2020 (IEEFA)—Retiring the Virginia City Hybrid Energy Center (VCHEC) will bring unnecessarily abrupt economic hardship to Wise County if state and local officials do not begin to plan now for a transition, concludes a report published today by the Institute for Energy Economic and Financial Analysis. The 8-year-old coal-fired power plant, owned by […]

IEEFA report: Coal-fired power generation collapsing across Southeast U.S., longtime bastion of the industry

IEEFA report: Coal-fired power generation collapsing across Southeast U.S., longtime bastion of the industry

Decade-long influx of cheap gas started regional transition; solar expected to finish it

Oct. 1, 2019 (IEEFA U.S.) – Abundant gas supplies have transformed the electricity-generation sector in the traditionally coal-dominated Southeast U.S. Planned new solar construction in the region will add momentum to the energy transition and likely lead to the zeroing out of all coal generation in a number of states in the near future, finds […]

IEEFA report: Advances in electricity storage suggest rapid disruption of U.S. electricity sector

IEEFA report: Advances in electricity storage suggest rapid disruption of U.S. electricity sector

Utility-scale batteries give renewables a big lift while undercutting coal and challenging fracked gas

June 14, 2019 (IEEFA) — Momentum is gaining around an industry shift toward utility-scale battery storage systems nationally, finds a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The report – Advances in Electricity Storage Suggest Rapid Disruption of U.S. Electricity Sector  –details upstart storage and storage-expansion projects in Arizona, […]

IEEFA report: U.S. likely to end 2018 with record decline in coal-fired capacity

IEEFA report: U.S. likely to end 2018 with record decline in coal-fired capacity

Utilities accelerate shutdown dates; 22 plants in 14 states this year; hard-hit regions include the Ohio River Valley

Oct. 25, 2018 — U.S. coal-fired power plant closures are on pace this year to set a record, concludes a research report published today by the Institute for Energy Economics and Financial Analysis. The report — “Record Drop in U.S. Coal-Fired Capacity Likely in 2018: Utilities Are Accelerating Shutdown Dates as Plants Grow Increasingly Uneconomic”— […]

IEEFA Research Brief: Coal in Decline, Blow by Blow

IEEFA Research Brief: Coal in Decline, Blow by Blow

Plant Closings and the Likely Effects on Specific Companies and Mines

We’ve published a research brief today that presents an expansive snapshot of a moving target: the decline in U.S. coal-fired generation nationally. As global energy markets continue to undergo rapid transformation, change has swept the U.S. as well. Our brief—“U.S. Coal Phase-out, Blow by Blow: Plant Closings and the Likely Corresponding Effect on Specific Companies […]

April 21, 2017 Read More →
Why This Coal-Fired Electric Plant in Florida Should Be Closed

Why This Coal-Fired Electric Plant in Florida Should Be Closed

The Time Is Right to Retire the 33-Year-Old Mcintosh Unit 3

The aging C.D. Mcintosh Jr. Unit 3 power plant in Lakeland, Fla., should be retired. That’s the inescapable conclusion of a study we published this morning in which we examine the operational costs and performance of the 33-year-old coal-fired plant. It’s not a pretty picture. Unit 3 is not competing very well with other sources […]

October 1, 2015 Read More →

More News and Commentary

New U.S. solar capacity additions dip slightly but demand still strong

S&P Capital IQ ($): Solar power capacity additions in the second quarter of 2021 dipped compared to the year-ago period as developers encountered supply-side headwinds. However, demand remained strong, with a robust pipeline of projects totaling 17,428 MW under construction. Developers put into service 1,968 MW of utility-scale solar power capacity from April to June, […]

September 7, 2021 Read More →

FERC plans harder look at environmental impact of pipeline projects

S&P Capital IQ ($): Five more interstate natural gas transportation and storage projects will receive environmental impact statements from the Federal Energy Regulatory Commission, another sign the commission is turning toward the more extensive environmental reviews as it sorts out how to assess climate impacts. The unfolding approach could mean a longer review timeline for […]

September 1, 2021 Read More →

Plans announced for largest blue hydrogen facility in United States

E&E News ($): A North Dakota energy company announced a deal this week to convert a gas plant into the largest and cheapest clean hydrogen facility in the United States, underscoring an ongoing debate about hydrogen’s growth and emissions footprint. Bakken Energy LLC said it had reached an agreement with Midwestern utility Basin Electric Power […]

August 18, 2021 Read More →

NextEra added 1,840 MW of renewables, storage to backlog in Q2

Utility Dive: NextEra Energy subsidiary Florida Power & Light (FPL) in June “demolished” its last coal-fired plant in the state, and plans to replace it with a solar energy complex, Rebecca Kujawa, executive vice president of finance and chief financial officer, told analysts Friday during the company’s second quarter earnings call. NextEra Energy Resources, the […]

July 26, 2021 Read More →

US clean electricity standard could save 317,500 lives by 2050

S&P Global Market Intelligence ($): A nationwide clean power standard requiring 80% of U.S. electricity to come from carbon dioxide-free sources by 2030 would save hundreds of thousands of lives and sharply improve air quality while combatting climate change, according to a new study released July 12. The analysis, which the authors claimed was the […]

July 13, 2021 Read More →

White House plans offshore wind leases in New York and New Jersey

New York Times ($): The Biden administration on Friday announced that it would begin the formal process of selling leases to develop offshore wind farms in shallow waters between Long Island and New Jersey as part of its push to transition the nation to renewable energy. The proposed sale, the first of the Biden administration, […]

June 14, 2021 Read More →

U.S. solar capacity increased 36% in first quarter of 2021

S&P Global Market Intelligence ($):  The U.S. solar market got off to a hot start in 2021, adding 2,827 MW of utility-scale capacity in the first quarter, a 36% increase from the same period in 2020. The U.S. now has 51,966 MW of utility-scale solar power capacity, according to S&P Global Market Intelligence data, which […]

June 11, 2021 Read More →

NextEra CEO says net-zero targets are ‘disingenuous’

S&P Global Market Intelligence ($): NextEra Energy Inc., the largest U.S. utility by market cap and one of the world’s top solar and wind power producers, has been called out for never declaring a net-zero emissions target like many other major power utilities have done. But the way NextEra’s Chairman and CEO Jim Robo views […]

May 28, 2021 Read More →

Carbon-burning power plants launching despite net-zero promises

Bloomberg ($): The red-and-white flue stacks of the James M. Barry Electric Generating Station tower over the Mobile River, belching steam into the Alabama sky. The sprawling complex of coal and natural gas plants already spews more than 7.5 million metric tons of carbon dioxide-equivalent every year. Now it’s about to get even bigger, with […]

May 24, 2021 Read More →

NextEra battling clean energy competition from Canada hydropower

Bloomberg ($): A major new transmission line intended to pipe carbon-free hydropower from Canada into the U.S. Northeast has met a powerful opponent: the world’s largest provider of renewable energy. The 145-mile (233-kilometer), nearly $1 billion transmission line, known as New England Clean Energy Connect, broke ground in February after nearly three years of review […]

May 21, 2021 Read More →